Indian M&A Deals

ArmenT · Post by **ArmenT** » 24 Jun 2008 11:11

Sanjay M wrote:Pakistani car company buys Canadian Electric Car-maker Dynasty

Guess what?? Dynasty was going to move out of Canada anyway as they cannot sell their cars there in the first place. Canada has banned several models of electric cars because they're deemed as unsafe on their roads and the Dynasty was one of them. They're legal in most US states though and the Pakis are going to keep exporting them to the US apparently. I think there must have been some Paki-origin bigwig in the company who bought it to keep production going.

Vipul · Post by **Vipul** » 24 Jun 2008 22:35

Tata Communications to buy 30 pc more in South Africa's Neotel.

Vipul · Post by **Vipul** » 25 Jun 2008 19:19

GMR Infra to acquire 50 pc stake in InterGen for $1.1 Bn.

Vipul · Post by **Vipul** » 26 Jun 2008 02:22

HTMT Global to buy BPO co in Europe.

Vipul · Post by **Vipul** » 26 Jun 2008 18:59

Indo Asian drops overseas acquisition plans.

Essar withdraws bid for Esmark.

Vipul · Post by **Vipul** » 26 Jun 2008 19:00

Ashok Minda Group acquires German interior component supplier.

Vipul · Post by **Vipul** » 27 Jun 2008 01:24

RFCL set to buy Italian co Carlo Erba.

Vipul · Post by **Vipul** » 27 Jun 2008 01:30

Sun launches hostile Taro bid.

Vipul · Post by **Vipul** » 30 Jun 2008 19:20

Mittal considering takeover of Rio Tinto: Report.

If Laxmi Mittal succeds, he will make the likes of RIL and Tisco look like SSI's

.

bart · Post by **bart** » 01 Jul 2008 00:01

Vipul wrote:Mittal considering takeover of Rio Tinto: Report.

If Laxmi Mittal succeds, he will make the likes of RIL and Tisco look like SSI's .

It seems a bit too big to swallow, esp when he can buy other sources of ore much cheaper.

If he does attempt it, this will cause gigantic heartburn to the the nice folks in poodledum and poodledee, they will make the former Arcelor CEP Guy Dolle appear like a free market champion by comparison.

Vipul · Post by **Vipul** » 01 Jul 2008 01:51

After Esmark, Essar loses Kenya refinery.

Vipul · Post by **Vipul** » 01 Jul 2008 19:47

Time Techno sets sights on Bulgarian co.

Vipul · Post by **Vipul** » 02 Jul 2008 00:06

Manaksia eyes Polish alloy co.

Vipul · Post by **Vipul** » 02 Jul 2008 02:00

Quatrro buys UK gaming co Babel Media.

Vipul · Post by **Vipul** » 02 Jul 2008 19:06

Glenmark acquires 7 pharmaceutical brands in Poland.

Piramal Healthcare buys German firm's blood plasma products.

Vipul · Post by **Vipul** » 02 Jul 2008 19:07

Amtek Auto to bid Rs 1,700 cr to acquire Germany's KSM Castings.

Vipul · Post by **Vipul** » 03 Jul 2008 00:43

SemanticSpace buys US-based Prolifics.

Vipul · Post by **Vipul** » 03 Jul 2008 19:41

Tricom acquires Pacific Data Centre.

Vipul · Post by **Vipul** » 03 Jul 2008 23:09

Carborundum buys 51 pct in S Africa's Foskor Zirconia.

Vipul · Post by **Vipul** » 04 Jul 2008 17:30

Intelenet eyes $200 m buy in the US.

wasu · Post by **wasu** » 05 Jul 2008 15:21

Indian airport operators GMR, GVK Group eye Chicago's Midway International news

http://domain-b.com/aero/airports/20080 ... rport.html

Vipul · Post by **Vipul** » 07 Jul 2008 20:40

Whyte & Mackay mulls Glen Moray buy.

Vipul · Post by **Vipul** » 07 Jul 2008 20:44

Suzlon-Arcapita Bk JV to buy Honiton Energy.

Vipul · Post by **Vipul** » 07 Jul 2008 22:47

Global Finvest Ltd owned by the Ruia group, acquires Metzeler Automotive Profile Systems UK Ltd.

Vipul · Post by **Vipul** » 07 Jul 2008 23:08

Gitanjali to bid for US jewel major Whitehall for about Rs 400 cr.

Vipul · Post by **Vipul** » 08 Jul 2008 00:41

RIL in talks for Chevron's Kenya, Uganda biz.

VVF acquires Henkel's soap manufacturing plant in Poland.

Pragadeesh · Post by **Pragadeesh** » 28 Jul 2008 19:26

Hi Vipul,
I used to read this thread everyday.But,this thread was not updated for more than 20 days.Is it possible for you to update this thread???.
Thank you.

Vipul · Post by **Vipul** » 28 Jul 2008 21:14

Pragadeesh, I was hoping for postings on this important thread from other forum members.I plan to post the M&A news in a periodic summary format.

sampat · Post by **sampat** » 03 Aug 2008 19:59

Anil Ambani in talks to buy Newcastle United: report

Rishirishi · Post by **Rishirishi** » 03 Aug 2008 23:48

sampat wrote:Anil Ambani in talks to buy Newcastle United: report

The source is News of the world, which is highly unreliable.

An Indian owner of Newcastle will really anger some people. Mr Ambani will become subject to false gossip (like Diana, Prince Charles, Abromiwich etc).

Why does he not spend 260 million pounds (some 2000 crores) towards Indian sports. Kids in his own country (where his father made his $$$$) do not even have the basic sports facilities.

sampat · Post by **sampat** » 05 Aug 2008 01:41

completely missed that part of the article. From past few years rediff's reporting has been going downhill..why on earth will any indian newspaper quote news of the world. Day is not far away when indian DDM will quote from playboy or hustler.

BTW Reliance has denied the buyout

SwamyG · Post by **SwamyG** » 05 Aug 2008 01:50

Something for Pragadeesh to cheer about

Essar arm to buy US BPO firm for $250m

Rishirishi · Post by **Rishirishi** » 06 Aug 2008 14:53

sampat wrote: completely missed that part of the article. From past few years rediff's reporting has been going downhill..why on earth will any indian newspaper quote news of the world. Day is not far away when indian DDM will quote from playboy or hustler.
BTW Reliance has denied the buyout

I remember arriving as a student in manchester and purchasing a copy of the "News of the world". I took the first 3 pages seriously and was socked. Only after that did I realise that most of the stores are pure fiction.
here is a link for those interested to read the worlds worst newspaper http://www.newsoftheworld.co.uk/

amit · Post by **amit** » 06 Aug 2008 17:53

X-posting from the Indian Economy thread as this might be a better place:

This shows India Inc's appetitie is still intact:

Tata Power Says It Will Bid for Singapore's Senoko

``We confirm the development,'' Mumbai-based Tata Power said in a statement today after the Business Standard reported that Senoko Power may be sold for more than $3 billion. The Indian company will get access to generation capacity of 3,300 megawatts should it win the bid, the report said.

The acquisition will be Tata Power's second large investment overseas. The utility spent $1.2 billion on buying two mines in Indonesia last year to secure coal supplies. Tata Power has invested 240 billion rupees ($5.7 billion) to build 5,600 megawatts of thermal and wind power capacity across India.

andy B · Post by **andy B** » 11 Aug 2008 12:03

India clinches $12bn steel deal
http://news.bbc.co.uk/2/hi/business/4120384.stm

Tata Steel in $1.1bn Iranian deal
http://news.bbc.co.uk/2/hi/business/4090890.stm

Mittal on an absolute rollllll
http://news.bbc.co.uk/2/hi/business/3952175.stm

Rahul M · Post by **Rahul M** » 11 Aug 2008 12:52

ahem, anand, did you notice the date on those articles ??

andy B · Post by **andy B** » 12 Aug 2008 05:26

Rahul M wrote:ahem, anand, did you notice the date on those articles ??

Yes Boss realised it after posting....got too excited....please delete the post if deemed inappropriate....

Rahul M · Post by **Rahul M** » 12 Aug 2008 05:28

arre nehi yaar, its good to be reminded ! more's to come !

andy B · Post by **andy B** » 12 Aug 2008 05:37

Rahul M wrote:arre nehi yaar, its good to be reminded ! more's to come !

Ameen to that my friend....btw does anyone know what the total has been in terms of M&A I know that we acquried more than $100B worth of phoren cos. in 07.....

Ameet · Post by **Ameet** » 12 Aug 2008 06:23

Anand Barve wrote:
Rahul M wrote:arre nehi yaar, its good to be reminded ! more's to come !
Ameen to that my friend....btw does anyone know what the total has been in terms of M&A I know that we acquried more than $100B worth of phoren cos. in 07.....

Anand, please provide a link or your source for the $100B in 2007. The following link has Thomson Financial reporting $22.3B in 2007 and 2006 being the record year so far at $24B.

http://findarticles.com/p/articles/mi_q ... _n21171368